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Synthetic & Rayon

IMAGE Image Pakistan Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 24.19 +0.96%

Annual · FY2012 – FY2026

Image Pakistan Limited (IMAGE) balance sheet

Total debt was Rs 1.9 bn, net debt Rs 1.6 bn. Shareholders' equity was Rs 4.8 bn.

IMAGE balance sheet (annual) (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 298.6 97.1 125.7 49.1 41.7
Trade receivables 1,410.3 1,192.1 265.8 251.6 284.7
Inventories 2,309.2 2,601.4 2,153.4 1,621.2 1,309.7
Total current assets — 4,502.1 3,232.1 2,195.0 1,670.7
Property, plant & equipment 2,949.6 2,525.6 1,871.7 1,399.6 826.9
Intangible assets 38.4 53.7 — — —
Long-term investments — — — 0.0 0.0
Other non-current assets 52.8 42.4 37.1 24.2 19.0
Total non-current assets — 2,621.7 1,908.8 1,423.8 846.0
Total assets — 7,123.9 5,140.9 3,618.9 2,516.6
Liabilities
Trade payables 1,128.2 1,104.5 990.2 640.2 402.2
Short-term borrowings & current portion of debt 505.6 220.4 15.2 8.4 17.6
Total current liabilities — 1,608.5 1,092.8 721.7 468.4
Long-term debt 1,401.3 1,086.4 153.0 236.5 132.2
Other non-current liabilities — 27.1 19.1 13.1 8.5
Total non-current liabilities — 1,236.5 298.3 334.6 187.9
Total liabilities — 2,845.0 1,391.1 1,056.3 656.3
Equity
Share capital 2,303.7 2,303.7 2,303.7 1,316.4 995.4
Reserves & retained earnings 2,370.6 1,893.9 1,364.9 993.4 612.2
Equity attributable to shareholders 4,755.2 4,278.6 3,749.6 2,562.5 1,860.3
Non-controlling interest 0.4 0.3 0.2 0.1 0.0
Total equity 4,755.7 4,278.9 3,749.8 2,562.6 1,860.4
Total liabilities & equity — 7,123.9 5,140.9 3,618.9 2,516.6
Key figures
Total debt 1,906.9 1,306.8 168.3 244.9 149.8
Net debt / (net cash) 1,608.3 1,209.7 42.5 195.7 108.0
Shares outstanding mn — 230.4 230.4 150.7 150.7
Common equity 4,755.7 4,278.6 3,749.6 2,562.5 1,860.3
Book value per share (Rs) Rs — 18.57 16.28 17.01 12.35
IMAGE balance sheet — year-on-year change (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments +207.6% -22.8% +155.8% +17.8% +263.2%
Trade receivables +18.3% +348.5% +5.6% -11.6% -21.0%
Inventories -11.2% +20.8% +32.8% +23.8% +56.3%
Total current assets — +39.3% +47.2% +31.4% +37.7%
Property, plant & equipment +16.8% +34.9% +33.7% +69.2% +24.1%
Intangible assets -28.5% — — — —
Long-term investments — — — — -100.0%
Other non-current assets +24.3% +14.4% +53.1% +27.4% +175.4%
Total non-current assets — +37.4% +34.1% +68.3% -1.4%
Total assets — +38.6% +42.1% +43.8% +21.5%
Liabilities
Trade payables +2.1% +11.5% +54.7% +59.2% -1.7%
Short-term borrowings & current portion of debt +129.4% +1,347.7% +80.9% -52.0% -76.0%
Total current liabilities — +47.2% +51.4% +54.1% -15.7%
Long-term debt +29.0% +609.9% -35.3% +78.8% -38.2%
Other non-current liabilities — +41.8% +46.2% +54.6% +67.5%
Total non-current liabilities — +314.5% -10.8% +78.0% -36.6%
Total liabilities — +104.5% +31.7% +60.9% -22.9%
Equity
Share capital 0.0% 0.0% +75.0% +32.2% +75.0%
Reserves & retained earnings +25.2% +38.8% +37.4% +62.3% +0.2%
Equity attributable to shareholders +11.1% +14.1% +46.3% +37.7% +52.6%
Non-controlling interest +45.4% +65.3% +83.1% +150.8% —
Total equity +11.1% +14.1% +46.3% +37.7% +52.6%
Total liabilities & equity — +38.6% +42.1% +43.8% +21.5%
Key figures
Total debt +45.9% +676.7% -31.3% +63.5% -47.8%
Net debt / (net cash) +33.0% +2,744.7% -78.3% +81.2% -60.8%
Shares outstanding — — — — —
Common equity +11.2% +14.1% +46.3% +37.7% +52.6%
Book value per share (Rs) — +14.1% -4.3% +37.7% +14.8%

Change against the previous fiscal year; shown when the earlier figure is positive.

IMAGE balance sheet — common size (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments — 1.4% 2.4% 1.4% 1.7%
Trade receivables — 16.7% 5.2% 7.0% 11.3%
Inventories — 36.5% 41.9% 44.8% 52.0%
Total current assets — 63.2% 62.9% 60.7% 66.4%
Property, plant & equipment — 35.5% 36.4% 38.7% 32.9%
Intangible assets — 0.8% — — —
Long-term investments — — — 0.0% 0.0%
Other non-current assets — 0.6% 0.7% 0.7% 0.8%
Total non-current assets — 36.8% 37.1% 39.3% 33.6%
Total assets — 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables — 15.5% 19.3% 17.7% 16.0%
Short-term borrowings & current portion of debt — 3.1% 0.3% 0.2% 0.7%
Total current liabilities — 22.6% 21.3% 19.9% 18.6%
Long-term debt — 15.2% 3.0% 6.5% 5.3%
Other non-current liabilities — 0.4% 0.4% 0.4% 0.3%
Total non-current liabilities — 17.4% 5.8% 9.2% 7.5%
Total liabilities — 39.9% 27.1% 29.2% 26.1%
Equity
Share capital — 32.3% 44.8% 36.4% 39.6%
Reserves & retained earnings — 26.6% 26.6% 27.5% 24.3%
Equity attributable to shareholders — 60.1% 72.9% 70.8% 73.9%
Non-controlling interest — 0.0% 0.0% 0.0% 0.0%
Total equity — 60.1% 72.9% 70.8% 73.9%
Total liabilities & equity — 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt — 18.3% 3.3% 6.8% 6.0%
Net debt / (net cash) — 17.0% 0.8% 5.4% 4.3%
Common equity — 60.1% 72.9% 70.8% 73.9%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 119
IMAGE balance sheet — all reported line items (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Cash & Cash Equivalents 298.6 97.1 125.7 49.1 41.7
Cash & Short Term Investments 298.6 97.1 125.7 49.1 41.7
Loans & Receivables - Net - Short-Term 2,598.5 1,797.3 950.6 251.6 284.7
Loans & Receivables - Total 2,598.5 1,797.3 950.6 251.6 284.7
Trade Accounts & Trade Notes Receivable - Net 1,410.3 1,192.1 265.8 251.6 284.7
Loans - Short-Term 1,188.3 605.2 684.8 — —
Inventories - Total 2,309.2 2,601.4 2,153.4 1,621.2 1,309.7
Inventories - Raw Materials — — 0.0 1.3 4.2
Inventories - Other - Total 2,309.2 2,601.4 2,153.4 1,619.9 1,305.4
Prepaid Expenses - Short-Term 1.3 6.4 2.4 273.1 34.5
Investments - Total — — — 0.0 0.0
Property, Plant & Equipment - Net - Total 2,949.6 2,525.6 1,871.7 1,399.6 826.9
Other Assets - Total 52.8 42.4 37.1 24.2 19.0
Intangible Assets - Total - Net 38.4 53.7 — — —
Total Current Assets — 4,502.1 3,232.1 2,195.0 1,670.7
Intangible Assets - excluding Goodwill - Net - Total 38.4 49.6 — — —
Investments - Long-Term — — — 0.0 0.0
Goodwill/Cost in Excess of Assets Purchased - Net — 4.1 — — —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 2,949.6 2,525.6 — — —
Right of Use Tangible Assets - Total - Net 902.3 619.6 — — —
Right of Use Tangible Assets - Capital/Finance Lease - Net 902.3 619.6 — — —
Property, Plant & Equipment - Other - Net 2,047.3 1,906.0 — — —
Total Assets — 7,123.9 5,140.9 3,618.9 2,516.6
Debt - Total 1,906.9 1,306.8 168.3 244.9 149.8
Short-Term Debt & Current Portion of Long-Term Debt 505.6 220.4 15.2 8.4 17.6
Current Portion of Long-Term Debt including Capitalized Leases 355.6 220.4 15.2 8.4 17.6
Capitalized Leases - Current Portion 224.1 178.1 — — 2.9
Short-Term Debt & Notes Payable 150.0 — — — —
Debt - Long-Term - Total 1,401.3 1,086.4 153.0 236.5 132.2
Current Portion of Long-Term Debt excluding Capitalized Leases 131.5 42.3 — — 14.6
Capitalized Lease Obligations - Long-Term 820.2 518.8 — 7.5 10.3
Long-Term Debt excluding Capitalized Leases 581.1 567.6 153.0 229.0 121.9
Other Non-Current Assets - Total 52.8 42.4 37.1 24.2 19.0
Debt - Non-Convertible - Long-Term 581.1 567.6 153.0 229.0 121.9
Dividends Payable 88.0 99.6 19.7 15.6 26.5
Deferred Tax & Investment Tax Credits - Long-Term 114.7 123.0 126.2 85.0 47.2
Deferred Tax - Liability - Long-Term 114.7 123.0 126.2 85.0 47.2
Payables & Accrued Expenses 1,128.2 1,104.5 990.2 640.2 402.2
Trade Account Payables - Total 1,128.2 1,104.5 990.2 640.2 402.2
Other Non-Current Assets 52.8 42.4 37.1 24.2 19.0
Total Liabilities — 2,845.0 1,391.1 1,056.3 656.3
Shareholders' Equity - Attributable to Parent Shareholders - Total 4,755.2 4,278.6 3,749.6 2,562.5 1,860.3
Total Non-Current Assets — 2,621.7 1,908.8 1,423.8 846.0
Common Equity Attributable to Parent Shareholders 4,755.2 4,278.6 3,749.6 2,562.5 1,860.3
Common Equity - Contributed 2,384.7 2,384.7 2,384.7 1,569.1 1,248.1
Common Stock - Issued & Paid 2,303.7 2,303.7 2,303.7 1,316.4 995.4
Equity - Non-Contributed - Reserves & Retained Earnings 2,370.6 1,893.9 1,364.9 993.4 612.2
Retained Earnings - Total 1,666.8 717.1 731.0 246.5 266.7
Trade Accounts Payable & Accruals - Short-Term 1,128.2 1,104.5 990.2 640.2 402.2
Comprehensive Income - Accumulated - Total 704.2 1,176.8 633.9 746.9 345.5
Trade Accounts & Trade Notes Payable - Short-Term 1,128.2 1,104.5 990.2 640.2 402.2
Investments - Unrealized Gain/Loss — — — — 0.0
Other Reserves/Equity - Total (0.4) — — — —
Income Taxes - Payable - Short-Term 179.2 138.4 36.3 36.8 8.8
Dividends/Distributions Payable 88.0 99.6 19.7 15.6 26.5
Other Current Liabilities - Total 22.8 45.6 31.3 20.6 13.3
Common Equity - Total 4,755.2 4,278.6 3,749.6 2,562.5 1,860.3
Common Stock - Additional Paid in Capital including Option Reserve 81.0 81.0 81.0 252.7 252.7
Minority Interest - Equity — 0.3 0.2 0.1 0.0
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 4,755.7 4,278.9 3,749.8 2,562.6 1,860.4
Total Liabilities & Equity — 7,123.9 5,140.9 3,618.9 2,516.6
Other Current Liabilities 22.8 45.6 31.3 20.6 13.3
Revaluation Reserves 704.2 1,176.8 633.9 746.9 345.5
Total Current Liabilities — 1,608.5 1,092.8 721.7 468.4
Other Non-Current Liabilities - Total — 27.1 19.1 13.1 8.5
Provisions - Long-Term — 27.1 19.1 13.1 8.5
Post Employment Benefits - Pension & Other - Long-Term — 27.1 19.1 13.1 8.5
Other Non-Current Liabilities — — — — —
Total Non-Current Liabilities — 1,236.5 298.3 334.6 187.9
Common Shares - Issued - Total mn — 230.4 230.4 150.7 150.7
Common Shares - Outstanding - Total mn — 230.4 230.4 150.7 150.7
Common Shares - Treasury - Total mn — 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn — 500.0 300.0 343.4 1,816.5
Common Shares - Issued - Issue Specific mn — 230.4 230.4 150.7 150.7
Common Shares - Outstanding - Issue Specific mn — 230.4 230.4 150.7 150.7
Common Shares - Treasury - Issue Specific mn — 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific — 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 902.3 619.6 — — —
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 902.3 619.6 — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 2,047.3 1,906.0 — — —
Finance and Operating Lease Liabilities - Total - Supplemental 1,044.3 696.9 — 7.5 13.2
Debt including Finance and Operating Lease Liabilities - Supplemental 1,906.9 1,306.8 168.3 244.9 149.8
Net Debt 1,608.3 1,209.7 42.5 195.7 108.0
Minority Interest - Total — 0.3 0.2 0.1 0.0
Asset Accruals 2,742.2 7,022.7 5,015.2 3,569.7 2,474.9
Cash & Cash Equivalents - Total 298.6 97.1 125.7 49.1 41.7
Cash & Short Term Investments - Total 298.6 97.1 125.7 49.1 41.7
Debt - including Preferred Equity & Minority Interest - Total 1,906.9 1,307.1 168.4 245.0 149.8
Investments - Permanent — — — 0.0 0.0
Net Book Capital 6,364.0 5,488.6 3,792.3 2,758.3 1,968.4
Net Operating Assets 6,364.0 5,488.6 3,792.3 2,758.3 1,968.4
Provisions - Total 114.7 150.1 145.3 98.1 55.7
Shareholders Equity - Common 4,755.7 4,278.6 3,749.6 2,562.5 1,860.3
Tangible Total Equity 4,717.3 4,225.2 3,749.8 2,562.6 1,860.4
Tangible Book Value 4,717.3 4,224.9 3,749.6 2,562.5 1,860.3
Total Book Capital 6,662.6 5,585.4 3,917.9 2,807.4 2,010.1
Total Capital 6,662.6 5,585.7 3,918.1 2,807.5 2,010.1
Total Long Term Capital 4,755.7 5,515.4 4,048.1 2,897.2 2,048.3
Book Value excluding Other Equity 4,756.1 4,278.6 3,749.6 2,562.5 1,860.3
Income Taxes - Payable - Long-Term & Short-Term 179.2 138.4 36.3 36.8 8.8
Accruals - Short-Term — 2,796.6 2,013.6 1,424.2 1,160.6
Cash & Short Term Investments - Net of Debt (1,608.3) (1,209.7) (42.5) (195.7) (108.0)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 355.6 220.4 15.2 8.4 17.6
Total Fixed Assets - Net 3,040.8 2,617.7 1,908.8 1,423.8 846.0
Working Capital — 2,893.6 2,139.3 1,473.3 1,202.3
Interest Bearing Liabilities - Total 1,906.9 1,306.8 168.3 244.9 149.8
Working Capital - Non-Cash — 2,796.6 2,013.6 1,424.2 1,160.6
Working Capital excluding Other Current Assets & Liabilities — 2,939.2 2,170.6 1,494.0 1,215.6
Net Debt Including Preferred Equity & Minority Interest 1,608.3 1,210.0 42.7 195.8 108.1
Other Short-Term & Long-Term Assets - Total 52.8 42.4 37.1 24.2 19.0
Other Short-Term & Long-Term Liabilities - Total 22.8 45.6 31.3 20.6 13.3
Total Current Assets excluding Total Inventories — 1,900.8 1,078.7 573.9 361.0
Tangible Book Value excluding Other Equity 4,717.7 4,224.9 3,749.6 2,562.5 1,860.3
Total Debt Excluding Islamic 1,906.9 1,306.8 168.3 244.9 149.8
Trade Accounts & Trade Notes Receivable - Net - Total 1,410.3 1,192.1 265.8 251.6 284.7
Current Liabilities excluding Current Debt - Total — 1,388.1 1,077.6 713.3 450.8
Cash in Hand & with Banks - Total 298.6 97.1 125.7 49.1 41.7
Current Assets excluding Cash & Short Term Investments - Total — 4,405.1 3,106.4 2,145.9 1,629.0
Cash, Short Term Investments & Accounts Receivable - Total 1,708.8 1,289.1 391.5 300.7 326.5

Every line the company reported, in the original order and wording, without regrouping or signs changed.